According to Jennifer Haygood, the chief financial officer, 'While those are not anything to blink at, I do think our system fared very well.' This optimism suggests that despite the substantial costs expected due to Hurricane Helene, the university system has navigated the challenges relatively successfully.
The University of North Carolina system is projected to incur at least $32 million in costs for cleaning up and repairing structurally damaged buildings following Hurricane Helene, with repairs estimated at $18 million and cleanup at $14 million.
The anticipated financial impact of Hurricane Helene also includes an expected revenue loss of $19 million due to campus closures, indicating the extensive effects the storm has had beyond just physical damage.
University officials remain hopeful that insurance coverage will mitigate some of the repair and cleanup costs, reflecting a proactive approach to financial recovery in the aftermath of the storm.
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